Deutsche Börse to Launch FX Market Data Offering

Deutsche Börse Market Data + Services and the exchange group’s FX trading venue 360T are launching a product offering covering FX spot market as well as FX swap market data. The swap market information is based on a contribution model of liquidity providers developed in cooperation with the Germany-based company Digitec.

The Market Data + Services group will act as licensor of the new offering and the data is available via the data feed of Deutsche Börse as well as via 360T’s streaming FIX API as “Swap Data Feed” SDF.

“With this product expansion Deutsche Börse is extending its market data offering to the FX market, thereby closing a gap in the market for reliable swap data and demonstrating the synergies that Deutsche Börse Group has been able to create together with 360T,” says Harmut Graf, head of data services at Deutsche Börse. “The new data feed provides for additional transparency to meet customer demand in an increasing regulated market environment.” 

Simon Bajec, deputy head of EMEA sales at 360T, adds, “In the day-to-day servicing of our customers, we have uncovered a gap in the market and identified a need for an independent, reliable and cost-effective source of FX market data. With Digitec we have just the right partner to satisfy this demand and we integrated the D3-360T data sources seamlessly into our systems. This new service helps customers with risk management, rate reasonability and best execution of FX swaps, NDF and forward trades.”   

Meanwhile, Peer Joost, head of sales at Digitec, says, “Relevant data is important for every kind of business, understanding its value is key. In recent years the range of available market data has been very static. We have the right offer at the right time.”

Colin_lambert@profit-loss.com

Twitter @lamboPnL

Twitter @Profit_and_Loss

Colin Lambert

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